Slobbering Barney, you have no room to talk, running a gay brothel from your home, exploiting the housing market crash through your boyfriend who works for them, and just being an all around blatant liar.
You seem obsessed with Frank's pesonal life. So much so that you seem to invent some of it to make it more spicey than it really is. And your criticism is focused on things his partner did, not him. Pathetic.
Barnetta Frank and Chrissy Matthews are some trick ass bitches. Imbeciles! They both need bibs while they speak. All that drivel could cause someone to slip. Fuckin idiots. Good thing nobody knows or cares about their dumbasses.
Barney Felcher Frank never met a banker's dick he didn't like.
And in the case of Fannie and Freddie defrauding American homeowners for over 1 trillion dollars, Mr. Frank was caught in the middle of a full on threesome between lobbyists (like the Gingrich Group) and the banksters. Frank was in heaven, taking it in the ass while fellating the worst circles of policy makers - he loved every rancid, putrid drop of it.
Fuck that piece of shit Newt Gingrich, he's a fucking huge piece of garbage. Fucking around on his wife as she laid dying of cancer, then leaving his second wife as she was sick with M.S.
@BigBoseMan the divorce was already in progress before she went into the hospital to remove a tumor. She is still alive. Typical left wing, uninformed remark!
I think we should remove all the big spenders like Barney who's goal seems to be to bankrupt this Country. In 1980 when Barney came into Congress the spending was $590 billion, this year it is $3.8 trillion. I'd say that all who allowed this massive spending and debt need to be canned in 2012. Both Republican and Democrat have become so corrupt they no longer work for the people just their own fortunes. Barney's made millions while in Congress his friends Fannie & Freddie helped.
The Gingrich Group is a consulting firm. Yes they were hired by Freddie. They recommended no more loans to unqualified buyers. Barney Frank cried everyone should have a home even if they can't afford it. Frank claimed 2 months before the crisis Fannie and Freddie were financially sound. It was his job to report their to Congress. Frank failed and lied and he was confronted with a video where he says F&F are in great financial shape. He swears he never says it. Most corrupt person in Congress.
Damn Barney that's like the kettle calling the pot black... How much money have you and Chris Dodd taken from tax payers and FMFM?? Dont point fingers you're no better! When will people see the two party system is bullshit? They all want the same damn thing and then they point their dirty ass fingers at each other and all of you are buying this crap?? This country needs to wake the hell up!!
@bleunt Marriage is between a man and a woman. Afaik Apple is a man and google might be a woman so just make sure you marry the opposite sex. Otherwise your going to hell.
So what? His roommate ain't him, arrested ain't convicted and what has homosexuality to do with it? And are you sure the whole story isn't just another Limbaugh lie? Get serious and don't be a homophobe.
@dtorfleming If you bothered to... I don't know, google the story, you 'd find that it was investigated by the congressional ethics committee. It wasn't made up. Like all other politicians, I'm sure he's as crooked, corrupt, and perverted as the rest. I'm no homophobe, but the man has a sordid history. That's all. Which isn't to mention the fact that he was dead wrong about the financial crisis, claiming there were no problems at all up until the day the shit hit the fan in 08.
@dennist3hmenace Very true! I'm from Boston.This pickle sniffer has very very dirty laundry.Him and these lib's are the most perverse gov't ever in human history.Nero was a kindergardener compared to Frank and Dodd and the rest of the lib's!
lol, franks comes up with some pretty good ones from time to time.
i kept hearing this all the time, that newt was some "brilliant historian", it was like listening lesley stahl call justice antonin scalia "brilliant". clearly both these men are partisan hacks, and the corporate media is nothing but a bunch of ass kissers.
Why are you right-wing bigots so compelled to lie.
Frank lived with a male lover who he kicked out when he found out he was prostituting. So no asshole, Frank wasn't prostituting him. Go do some research moron.
All convinced that Barney Frank and Chris Dodd brought down the entire economy of the United States by making those poor innocent banks give houses to blacks and mexicans.
Bawny Fwank, when he's not jugglin nuts or suckin the cock, lies cheats and steals so much that between him and the rest of the dumbasscrats, they nearly destroyed the American economy. So STFU about how moral this piece of shit is.
Barney Frank, the craftsman behind Fannie Mae and Freddie Mac regulatory firewall, who famously said they're fiscally sound institutions. Who cares about Gingrich and WTF is Barney Frank still doing in government?
@cooperbry Gingrich is leading in some GOP polls, and the GOP nominee will have an excellent chance at winning the Presidency in 2012. The President of the US is arguably the most powerful person in the world. That's why people care.
Gingrich was leading in the polls yesterday, before the Freddie Mac story hit the fan. By tomorrow his campaign will have exploded like a big, bloated, pie-filled balloon, and he'll be back at 9% among Republican primary voters. The happiest man in the world tonight has got to be Hermin "Spermin" Cain. To the conservative base, sexual harassment is a fake issue invented by liberals. But taking money from Freddie Mac is pure evil.
What Frank said at a hearing in 2003, and the fact that he was sleeping with an economist who worked for Fannie Mae in 1998 are irrelevant. If you're going to blame the subprime mortgage crisis on him, you'll have to explain what he actually DID to either block regulation of the housing GSEs, or force them to purchase unsound loans. (During the 2004-2008 ARM bubble while he was in the MINORITY and REPUBLICANS controlled all three branches of government including HUD, COMM and SEC)
1. Editing together a bunch of clips of Frank saying nice things about the housing GSEs, and then entitling them "Democrats block regulation of Fannie Mae" is not proof that they blocked regulation of F&F. You have to tell me which legislation was blocked, and HOW it was blocked. (Hint: you won't find any.)
2. The House passed a GSE regulation bill with bi-partisan support in 2005. (H.R. 1461) Tell me, what happened to it?
1. I repeat: What Frank SAID in a 2003 hearing is irrelevant. You have to show what he DID to block regulation of the housing GSEs while he was in the minority, and the GOP controlled the House, the Senate and the entire Executive Branch.
2. That little piece of Fox News propaganda, produced just before the election fails to mention that McCain was not a co-sponsor of s190 in 2005. He signed on as a co-sponsor in 2006, AFTER it had already been shelved by GOP Senate leadership.
@cooperbry You watch FOX "News" for your information?
BWAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!
The loans made by Fannie and Freddie actually did BETTER than the ones in the private sector because the requirements to qualify were strict while your precious "private sector" was lying on the paperwork to get people approved so they could sell off the debt with phoney AAA ratings from private sector ratings agencies that got a slice of the pie. It's like paying a movie reviewer to give you 5 stars.
@SpitfireOFatj I did post a clip from fox, the rest were from (I'm sure) one of your favorites.
Fannie and Freddie bought loans originated by other lenders who didn't require documentation, and used every unsavory practice in the book. Might want to check your facts.
In addition, according to ibtimes article that you can look up, two weeks ago, Fannie Mae requested 7.8 billion additional taxpayer funds and Freddie Mac an additional 6 billion taxpayer funding.
The fact is that Wall Street sold debt like it was money in the bank. Once that started happening they rigged the system to run up debt for the fees and then took out a bet the whole thing would fail.
It didn't START with Fannie and Freddie, in fact, they were the VICTIMS of Wall Street but Republicans claim they started it all because it fits their anti-government bullshit. Not to mention their RACISM.
@SpitfireOFatj You're right about the first sentence, but, you don't seem to understand why Wall Street sold debt. They did create CDS to hedge and had a big party.
If you look at the video clips, you can see that government policy was a house for everyone and especially for those less advantaged. In this both parties were equally guilty because government policy must be agreed to become law. And Greenspan @ FED was at fault for low int. rates.
@cooperbry "Your racism comment is just pure bullshit."
Right Wing crap festers everywhere. You can't even drive your car to the liquor store for a beer run without hearing it on the radio and the story they tell America is that the reason the housing crisis happened is because the government engaged in "social engineering" to integrate the suburbs and of COURSE "those people" couldn't afford to live there so they got kicked out and it drove the value of homes down for everyone.
@cooperbry BTW: What YOU don't get is the same firms that were hailing the AAA rated securities based on bundled mortgages to unsuspecting investors were also allowed to purchase Credit Default Swaps thus proving that they were lying about the soundness of those securities.
Trust me, they looked at the polls and saw The Ghost and Mrs. Moron were going to lose and knew the gravy train was over so they crashed the economy ON PURPOSE thus cashing in so the idiot Conservatives could blame Obama.
@SpitfireOFatj I think I get it pretty well and all fingers point at government policy and actions. You know, we probably agree on a lot of things (more that you'd think). I think Obama fosters this thinking and I think traditional Republicrats foster this thinking. If you take a different view of things, you can see that the two parties aren't that much different. They both spend too much money. They both go to war "willy nilly". They both support nonsense. That's what I'm against.
@cooperbry "I think I get it pretty well and all fingers point at government policy and actions."
More like "inaction".
A government "of the people" shouldn't act like it serves a bunch of greedy liars.
Back during the S&L crisis a LOT of crooks went to jail.
Today we have an entire political party that claims nothing illegal was done. Hell, they say it's "The American Way" The other party is afraid to oppose that crap out of fear of being called "anti-American.
But it is the politicians that have the choice to take the money and serve the interests or reject the money and serve the people. That's why I say that it is the politicians and the FED that need to be the focus of our ire.
@cooperbry Here's a thought. Back during the Cold War the laws were written to encourage US firms to become international. The idea was to promote capitalism as an alternative to communism. These firms corrupted other countries to get contracts. They bought both judges and politicians in the Third World. We created a monster that has no loyalty to the United States and now they are doing the same thing here.
Yeah, except NONE of the AAA paper actually defaulted. The way it was set up in different tranches, with AAA having priority over all the rest, the default rate would have had to have been 66% minimum on a simple 3 tranche system. Considering that the MBS in these tranches contained hundreds of thousands of mortgages spread all over the US, it was impossible for the AAA paper to go bad, So the paper was rated correctly. Some of the lower tranches had > default rate than expected
@cooperbry Hey dumbass, Fannie and Freddie had noting to do with it. I know that doesn't fit with your FOX "News"/Right Wing bubble universe but that's a fact.
@SpitfireOFatj Fannie and Freddie had plenty to do with it. They are the clearing house that sets the rules. If they were not willing to by 100% loan to value, no credit history, 1% teaser rate loans for recent college grads with a short work history as "conforming" then the whole industry could not have bombarded the market with these bogus loan pools. I guarantee you can not legitimately disprove any of that. go ahead and try.
@finerbiner "Fannie and Freddie had plenty to do with it. They are the clearing house that sets the rules"
You are wrong about that so the rest of your nonsense falls apart.
Listen up, This wasn't about poor people buying houses. It was about banks offering debt consolidation through refinancing. People were promised lower payments on credit card debt by putting up the house THEY ALREADY OWNED. Then the banks jacked up the bill to steal their house and sell it for a profit.
@kaysandesses What's funny is how these guys actually believe poor people had enough power to crash the economy.
.....as if the economy actually crashed....
It DIDN'T for the rich,....they all got richer....
But of course, the solution offered by these guys is to claim the job market is bad because the rich can't afford to hire people so we need to give them more tax cuts.
Because, as we all know, in the 50's when the rich were taxed at 90% NOBODY had a job in America...
@SpitfireOFatj "But of course, the solution offered by these guys is to claim the job market is bad because the rich can't afford to hire people so we need to give them more tax cuts."
Yes, all the while remaining, or at least claiming, ignorance of the fact that large corp's in the U.S. enjoyed their highest profit margins in many DECADES this past year and are collectively sitting on Trillions in cash. They could hire if they wanted to.
If Phil Gramm is an example, he'll leave on his own. Gramm (R-Texas) wrote both the Gramm-Leach-Bliley Act (1999) and the CFM Act (2000) that repealed Glass-Steagall, allowed monsters like Countrywide Mortgage to merge while not legislating a regulatory body or limiting debt, and allowed CDOs to be created. Gramm then gutted funding to the IRS, forcing them to lay off their high-end auditors, allowing the rich to hide their money in the Swiss banks that Gramm ended up working for.
Wrong. What you don't get is that the mortgage crisis was NOT the fault of the government despite what you have "learned" from the Right Wing Noise Machine.
It was the fault of Wall Street and your precious "deregulation".
@SpitfireOFatj What you fail to realize is that Wall St has taken over the gov't in broad daylight. So, you're sort of half right. Or maybe it's just a coincidence that there is a revolving door between government offices at the highest level, and the major financial institutions and banks. Bush's Sec. Tres. was Paulson, CEO of Goldman Sachs.(who got bailed out, weird right?) And Obama's Sec. Tres. is Geithner, a king among bankers, once the head of the NY Fed. The list goes on and on and on.
@dennist3hmenace Bottom line is that the awakening dates all the way back to the O.J. trial when we first heard the term "rich people's justice". Despite all the denials and assurances that rich people don't get away with murder we then watched Bush and the Republicans lie us into a war for fun and profit then saw Nancy Pelosi say, "Impeachment is off the table" then we watched the elite loot the Treasury and Republicans have the NERVE to imply the deficit is the fault of the poor.
@SpitfireOFatj And democrats have the audacity to suggest that simply taxing the rich will solve the problems. It won't. You seem to recognize that both parties are very horrible in many similar, and in some different ways. At least we agree on that.
@dennist3hmenace The only reason Democrats suck is because they refuse to stand up to Conservative lies and even accept some of them as facts. It's the DC Echo Chamber and terror of the wrath of Conservative run media.
The DLC is dead. Blue Dogs got kicked out. It's going to take time to replace the old guard of Clintonites.
Meanwhile, Republicans aren't even trying to hide their crap anymore and their stupid followers are going insane.
When did democrats suggest that simply taxing the rich will resolve the issue? I've never heard that. I've consistently heard that a fair tax on the rich and corporations will contribute to fixing the situation along with a decent trade policy and and regulations that create economic stability. Why do you intentionally oversimplify the arguement to pretend the rich shouldn't be taxed.
@dtorfleming "Why do you intentionally oversimplify the arguement"
Hey,....conservatives only understand things like "Drill Baby Drill" "Abortion is murder", "Commie Pinko Fag", "Shock & Awe", "Dirty Fucking Hippies",....you know,....short, three word slogans....
Mastering the phrase, "Iraq is the Central Front of the War On Terror" felt like an intellectual triumph to them....
@dtorfleming They didnt. Democrats repeatedly said a mixture of tax increases and spending cuts would solve the problems. Republicans said a Mixture of spending cuts and tax cuts would solve the problem. A Fair Tax is a fancy way to say tax cut for the rich.
As much as I agree with frank here I can never forgive him for having 15 year old and younger male prostitutes at his D.C home
ThorFan4Life 2 months ago
Slobbering Barney, you have no room to talk, running a gay brothel from your home, exploiting the housing market crash through your boyfriend who works for them, and just being an all around blatant liar.
dijhili 3 months ago
@dijhili
You seem obsessed with Frank's pesonal life. So much so that you seem to invent some of it to make it more spicey than it really is. And your criticism is focused on things his partner did, not him. Pathetic.
dtorfleming 3 months ago
Barnetta Frank and Chrissy Matthews are some trick ass bitches. Imbeciles! They both need bibs while they speak. All that drivel could cause someone to slip. Fuckin idiots. Good thing nobody knows or cares about their dumbasses.
SingleMaltBuckeye 3 months ago
Barney Felcher Frank never met a banker's dick he didn't like.
And in the case of Fannie and Freddie defrauding American homeowners for over 1 trillion dollars, Mr. Frank was caught in the middle of a full on threesome between lobbyists (like the Gingrich Group) and the banksters. Frank was in heaven, taking it in the ass while fellating the worst circles of policy makers - he loved every rancid, putrid drop of it.
jag10 3 months ago
BURN.
Also, history is in the Social Sciences; not Humanities.
CountArtha 3 months ago
Fuck that piece of shit Newt Gingrich, he's a fucking huge piece of garbage. Fucking around on his wife as she laid dying of cancer, then leaving his second wife as she was sick with M.S.
BigBoseMan 3 months ago
@BigBoseMan the divorce was already in progress before she went into the hospital to remove a tumor. She is still alive. Typical left wing, uninformed remark!
dijhili 3 months ago
@dijhili That's bullshit and u kno it.
BigBoseMan 3 months ago
@BigBoseMan read what his wife and daughter said. LOL....or you can just believe Chris Mathews, LOL
dijhili 3 months ago
All I can say is eww!
Ruzzellpuzzel 3 months ago
barney frank is a corrupt pos and this just goes to show tpmtv is a democrat sponsored organization. My subscription ends riiiigt now.
qualityrkc 3 months ago
At least Gingrich HAS wives, Peter Puffer...
Question. Does Barney Frank lick the shit off his lovers cocks after they ass-fuck him?
MachOverspeedsPlace 3 months ago
I think we should remove all the big spenders like Barney who's goal seems to be to bankrupt this Country. In 1980 when Barney came into Congress the spending was $590 billion, this year it is $3.8 trillion. I'd say that all who allowed this massive spending and debt need to be canned in 2012. Both Republican and Democrat have become so corrupt they no longer work for the people just their own fortunes. Barney's made millions while in Congress his friends Fannie & Freddie helped.
quizerry 3 months ago
The Gingrich Group is a consulting firm. Yes they were hired by Freddie. They recommended no more loans to unqualified buyers. Barney Frank cried everyone should have a home even if they can't afford it. Frank claimed 2 months before the crisis Fannie and Freddie were financially sound. It was his job to report their to Congress. Frank failed and lied and he was confronted with a video where he says F&F are in great financial shape. He swears he never says it. Most corrupt person in Congress.
quizerry 3 months ago
One corporate thug tells on another.
kryptic8956 3 months ago
perhaps the biggest fool in Washington
tk4227 3 months ago
Damn Barney that's like the kettle calling the pot black... How much money have you and Chris Dodd taken from tax payers and FMFM?? Dont point fingers you're no better! When will people see the two party system is bullshit? They all want the same damn thing and then they point their dirty ass fingers at each other and all of you are buying this crap?? This country needs to wake the hell up!!
MrGETitGOTit 3 months ago
There is someone on your chin Frank.
niltomega 3 months ago
You're a monster, Newt Gingrich.
Your heart's an empty hole.
Your brain is full of spiders,
You've got garlic in your soul.
Newt Gingrich.
I wouldn't touch you, with a
thirty-nine-and-a-half foot pole.
Senehtsotara 3 months ago
@Senehtsotara Classic!
kaysandesses 3 months ago
I love Frank. Hes fucking awesome.
Sevenfold120 3 months ago
Who names their kid "Newt" anyway?
Senehtsotara 3 months ago
@Senehtsotara Hippies. But I dont think newts parents were hippies.
Sevenfold120 3 months ago
WE LOVE BARNEY!!
chronicman06 3 months ago
I wonder if republicans would let me marry a corporation.
bleunt 3 months ago
@bleunt Marriage is between a man and a woman. Afaik Apple is a man and google might be a woman so just make sure you marry the opposite sex. Otherwise your going to hell.
Sevenfold120 3 months ago
This has been flagged as spam show
Barney Frank's homosexual roommate was arrested for running a sex service out of their apartment.
dennist3hmenace 3 months ago
@dennist3hmenace
So what? His roommate ain't him, arrested ain't convicted and what has homosexuality to do with it? And are you sure the whole story isn't just another Limbaugh lie? Get serious and don't be a homophobe.
dtorfleming 3 months ago
@dtorfleming If you bothered to... I don't know, google the story, you 'd find that it was investigated by the congressional ethics committee. It wasn't made up. Like all other politicians, I'm sure he's as crooked, corrupt, and perverted as the rest. I'm no homophobe, but the man has a sordid history. That's all. Which isn't to mention the fact that he was dead wrong about the financial crisis, claiming there were no problems at all up until the day the shit hit the fan in 08.
dennist3hmenace 3 months ago
@dennist3hmenace Very true! I'm from Boston.This pickle sniffer has very very dirty laundry.Him and these lib's are the most perverse gov't ever in human history.Nero was a kindergardener compared to Frank and Dodd and the rest of the lib's!
BeantownJim 3 months ago
lol, franks comes up with some pretty good ones from time to time.
i kept hearing this all the time, that newt was some "brilliant historian", it was like listening lesley stahl call justice antonin scalia "brilliant". clearly both these men are partisan hacks, and the corporate media is nothing but a bunch of ass kissers.
tomitstube 3 months ago
Barney Frank should talk, running a male-prostitution ring out of his house
U2Berror 3 months ago
@U2Berror Better than you reich wingers whoring our country to the corporations.
timmmahhhh 3 months ago
@U2Berror
Why are you right-wing bigots so compelled to lie.
Frank lived with a male lover who he kicked out when he found out he was prostituting. So no asshole, Frank wasn't prostituting him. Go do some research moron.
dtorfleming 3 months ago
Comment removed
dijhili 3 months ago
This has been flagged as spam show
@U2Berror "Barney Frank should talk, running a male-prostitution ring out of his house"
The really funny thing is that whole nonsense charge was ginned up by Larry Craig,...you know,...Mr. Tappy Feet ...
SpitfireOFatj 3 months ago
LOL!
ApocalypticGospel 3 months ago
snap
dafttool 3 months ago
Wow, there's a LOT of you conservatards on here.
All convinced that Barney Frank and Chris Dodd brought down the entire economy of the United States by making those poor innocent banks give houses to blacks and mexicans.
You people crack me up.
SpitfireOFatj 3 months ago 5
@SpitfireOFatj and you make us laugh.
dijhili 3 months ago
Gingrich is a corrupt sewer rat. Like all conservatives he is both a liar and a hypocrite. Not to forget he is a total corporate whore.
dellboy99 3 months ago
Barney Frank has more Christian morality in his pinky finger than Newt has in his entire body.
Wintermute01001 3 months ago 31
@Wintermute01001
Bawny Fwank, when he's not jugglin nuts or suckin the cock, lies cheats and steals so much that between him and the rest of the dumbasscrats, they nearly destroyed the American economy. So STFU about how moral this piece of shit is.
jjrglobal 3 months ago
@jjrglobal Don't hold back lad, tell us how you really feel.
niftuCal 3 months ago
Barney Frank, the craftsman behind Fannie Mae and Freddie Mac regulatory firewall, who famously said they're fiscally sound institutions. Who cares about Gingrich and WTF is Barney Frank still doing in government?
cooperbry 3 months ago
@cooperbry Gingrich is leading in some GOP polls, and the GOP nominee will have an excellent chance at winning the Presidency in 2012. The President of the US is arguably the most powerful person in the world. That's why people care.
nah900 3 months ago
@nah900
Gingrich was leading in the polls yesterday, before the Freddie Mac story hit the fan. By tomorrow his campaign will have exploded like a big, bloated, pie-filled balloon, and he'll be back at 9% among Republican primary voters. The happiest man in the world tonight has got to be Hermin "Spermin" Cain. To the conservative base, sexual harassment is a fake issue invented by liberals. But taking money from Freddie Mac is pure evil.
TrollBuster9090 3 months ago
@cooperbry
What Frank said at a hearing in 2003, and the fact that he was sleeping with an economist who worked for Fannie Mae in 1998 are irrelevant. If you're going to blame the subprime mortgage crisis on him, you'll have to explain what he actually DID to either block regulation of the housing GSEs, or force them to purchase unsound loans. (During the 2004-2008 ARM bubble while he was in the MINORITY and REPUBLICANS controlled all three branches of government including HUD, COMM and SEC)
TrollBuster9090 3 months ago
@TrollBuster9090 Both parties are to blame!
watch?v=w-YtqVIKTTE
watch?v=A_2D4mK95NQ
watch?v=2UZ9l_AxKjA
watch?v=Xwv6ONXdzyw
cooperbry 3 months ago
@cooperbry
1. Editing together a bunch of clips of Frank saying nice things about the housing GSEs, and then entitling them "Democrats block regulation of Fannie Mae" is not proof that they blocked regulation of F&F. You have to tell me which legislation was blocked, and HOW it was blocked. (Hint: you won't find any.)
2. The House passed a GSE regulation bill with bi-partisan support in 2005. (H.R. 1461) Tell me, what happened to it?
TrollBuster9090 3 months ago
@TrollBuster9090 watch?v=JuXMXmqSHnc
cooperbry 3 months ago
@cooperbry
1. I repeat: What Frank SAID in a 2003 hearing is irrelevant. You have to show what he DID to block regulation of the housing GSEs while he was in the minority, and the GOP controlled the House, the Senate and the entire Executive Branch.
2. That little piece of Fox News propaganda, produced just before the election fails to mention that McCain was not a co-sponsor of s190 in 2005. He signed on as a co-sponsor in 2006, AFTER it had already been shelved by GOP Senate leadership.
TrollBuster9090 3 months ago
@TrollBuster9090 Like I said, both parties are to blame. Frank was there and he is to blame.
cooperbry 3 months ago
@cooperbry You watch FOX "News" for your information?
BWAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!
The loans made by Fannie and Freddie actually did BETTER than the ones in the private sector because the requirements to qualify were strict while your precious "private sector" was lying on the paperwork to get people approved so they could sell off the debt with phoney AAA ratings from private sector ratings agencies that got a slice of the pie. It's like paying a movie reviewer to give you 5 stars.
SpitfireOFatj 3 months ago 2
@SpitfireOFatj I did post a clip from fox, the rest were from (I'm sure) one of your favorites.
Fannie and Freddie bought loans originated by other lenders who didn't require documentation, and used every unsavory practice in the book. Might want to check your facts.
In addition, according to ibtimes article that you can look up, two weeks ago, Fannie Mae requested 7.8 billion additional taxpayer funds and Freddie Mac an additional 6 billion taxpayer funding.
What fairy tale do you live in?
cooperbry 3 months ago
@cooperbry You just don't get it, do ya...
The fact is that Wall Street sold debt like it was money in the bank. Once that started happening they rigged the system to run up debt for the fees and then took out a bet the whole thing would fail.
It didn't START with Fannie and Freddie, in fact, they were the VICTIMS of Wall Street but Republicans claim they started it all because it fits their anti-government bullshit. Not to mention their RACISM.
SpitfireOFatj 3 months ago
@SpitfireOFatj You're right about the first sentence, but, you don't seem to understand why Wall Street sold debt. They did create CDS to hedge and had a big party.
If you look at the video clips, you can see that government policy was a house for everyone and especially for those less advantaged. In this both parties were equally guilty because government policy must be agreed to become law. And Greenspan @ FED was at fault for low int. rates.
Your racism comment is just pure bullshit.
cooperbry 3 months ago
Comment removed
cooperbry 3 months ago
@cooperbry "Your racism comment is just pure bullshit."
Right Wing crap festers everywhere. You can't even drive your car to the liquor store for a beer run without hearing it on the radio and the story they tell America is that the reason the housing crisis happened is because the government engaged in "social engineering" to integrate the suburbs and of COURSE "those people" couldn't afford to live there so they got kicked out and it drove the value of homes down for everyone.
SpitfireOFatj 3 months ago
@cooperbry BTW: What YOU don't get is the same firms that were hailing the AAA rated securities based on bundled mortgages to unsuspecting investors were also allowed to purchase Credit Default Swaps thus proving that they were lying about the soundness of those securities.
Trust me, they looked at the polls and saw The Ghost and Mrs. Moron were going to lose and knew the gravy train was over so they crashed the economy ON PURPOSE thus cashing in so the idiot Conservatives could blame Obama.
SpitfireOFatj 3 months ago
@SpitfireOFatj I think I get it pretty well and all fingers point at government policy and actions. You know, we probably agree on a lot of things (more that you'd think). I think Obama fosters this thinking and I think traditional Republicrats foster this thinking. If you take a different view of things, you can see that the two parties aren't that much different. They both spend too much money. They both go to war "willy nilly". They both support nonsense. That's what I'm against.
cooperbry 3 months ago
@cooperbry "I think I get it pretty well and all fingers point at government policy and actions."
More like "inaction".
A government "of the people" shouldn't act like it serves a bunch of greedy liars.
Back during the S&L crisis a LOT of crooks went to jail.
Today we have an entire political party that claims nothing illegal was done. Hell, they say it's "The American Way" The other party is afraid to oppose that crap out of fear of being called "anti-American.
SpitfireOFatj 3 months ago
@SpitfireOFatj See, I agree with that :)
But it is the politicians that have the choice to take the money and serve the interests or reject the money and serve the people. That's why I say that it is the politicians and the FED that need to be the focus of our ire.
cooperbry 3 months ago
@cooperbry Here's a thought. Back during the Cold War the laws were written to encourage US firms to become international. The idea was to promote capitalism as an alternative to communism. These firms corrupted other countries to get contracts. They bought both judges and politicians in the Third World. We created a monster that has no loyalty to the United States and now they are doing the same thing here.
They need to be banned from OUR government.
SpitfireOFatj 3 months ago
@SpitfireOFatj We can do that now by not voting for the representative that accepts corporate money. No need to ban anything, just vote.
cooperbry 3 months ago
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@cooperbry "We can do that now by not voting for the representative that accepts corporate money. No need to ban anything, just vote."
Oh sure,....then the only votes would be for the Green Party....
SpitfireOFatj 3 months ago
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@SpitfireOFatj
this is a good explanation.
watch?v=0S6QRUz7RyQ
cooperbry 3 months ago
@SpitfireOFatj
Yeah, except NONE of the AAA paper actually defaulted. The way it was set up in different tranches, with AAA having priority over all the rest, the default rate would have had to have been 66% minimum on a simple 3 tranche system. Considering that the MBS in these tranches contained hundreds of thousands of mortgages spread all over the US, it was impossible for the AAA paper to go bad, So the paper was rated correctly. Some of the lower tranches had > default rate than expected
jjrglobal 3 months ago
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@jjrglobal "Yeah, except NONE of the AAA paper actually defaulted."
Okay,....now THAT was funny....
Oh wait,....yer serious....
BWAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!
SpitfireOFatj 3 months ago
@jjrglobal this is a good explanation.
watch?v=0S6QRUz7RyQ
cooperbry 3 months ago
@cooperbry
Thats the dumbest explanation for the housing and financial crisis I've ever heard. The analogies are retarded. I'm now dumber for having watched it.
jjrglobal 3 months ago
@jjrglobal :)
cooperbry 3 months ago
@cooperbry Hey dumbass, Fannie and Freddie had noting to do with it. I know that doesn't fit with your FOX "News"/Right Wing bubble universe but that's a fact.
SpitfireOFatj 3 months ago
@SpitfireOFatj Really, you probably paint yourself blue during elections don't you? Think.
cooperbry 3 months ago
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@cooperbry "Really, you probably paint yourself blue during elections don't you? Think."
I bet you didn't even know Republicans were the ones that were blue before Dubya.
They switched the colors in 2000.
SpitfireOFatj 3 months ago
@SpitfireOFatj Fannie and Freddie had plenty to do with it. They are the clearing house that sets the rules. If they were not willing to by 100% loan to value, no credit history, 1% teaser rate loans for recent college grads with a short work history as "conforming" then the whole industry could not have bombarded the market with these bogus loan pools. I guarantee you can not legitimately disprove any of that. go ahead and try.
finerbiner 3 months ago
@finerbiner "Fannie and Freddie had plenty to do with it. They are the clearing house that sets the rules"
You are wrong about that so the rest of your nonsense falls apart.
Listen up, This wasn't about poor people buying houses. It was about banks offering debt consolidation through refinancing. People were promised lower payments on credit card debt by putting up the house THEY ALREADY OWNED. Then the banks jacked up the bill to steal their house and sell it for a profit.
SpitfireOFatj 3 months ago
@SpitfireOFatj cooperbry is too busy shooting watermelons to keep current with real information.
kaysandesses 3 months ago
@kaysandesses What's funny is how these guys actually believe poor people had enough power to crash the economy.
.....as if the economy actually crashed....
It DIDN'T for the rich,....they all got richer....
But of course, the solution offered by these guys is to claim the job market is bad because the rich can't afford to hire people so we need to give them more tax cuts.
Because, as we all know, in the 50's when the rich were taxed at 90% NOBODY had a job in America...
SpitfireOFatj 3 months ago 2
@SpitfireOFatj "But of course, the solution offered by these guys is to claim the job market is bad because the rich can't afford to hire people so we need to give them more tax cuts."
Yes, all the while remaining, or at least claiming, ignorance of the fact that large corp's in the U.S. enjoyed their highest profit margins in many DECADES this past year and are collectively sitting on Trillions in cash. They could hire if they wanted to.
kaysandesses 3 months ago 2
@kaysandesses "They could hire if they wanted to."
They got spoiled during Bush the dumber. Some have openly stated they will NOT hire until they get another corrupt asshole in the Oval Office.
What's really funny is they all act like the web doesn't exist and they believe their plan is pure genius.
I think that's what is kinda scary,....out of touch idiots like this compose "the elite"....
Is it any wonder they hire people to tell them what the public wants?
SpitfireOFatj 3 months ago
Soon this guy will be in jail!!!!!
shellshockedHI 3 months ago
@shellshockedHI Newt? Nah, just kick him out of the country :D
integral 3 months ago
@integral
If Phil Gramm is an example, he'll leave on his own. Gramm (R-Texas) wrote both the Gramm-Leach-Bliley Act (1999) and the CFM Act (2000) that repealed Glass-Steagall, allowed monsters like Countrywide Mortgage to merge while not legislating a regulatory body or limiting debt, and allowed CDOs to be created. Gramm then gutted funding to the IRS, forcing them to lay off their high-end auditors, allowing the rich to hide their money in the Swiss banks that Gramm ended up working for.
TrollBuster9090 3 months ago
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@shellshockedHI "Soon this guy will be in jail!!!!!"
Wrong. What you don't get is that the mortgage crisis was NOT the fault of the government despite what you have "learned" from the Right Wing Noise Machine.
It was the fault of Wall Street and your precious "deregulation".
SpitfireOFatj 3 months ago
@SpitfireOFatj What you fail to realize is that Wall St has taken over the gov't in broad daylight. So, you're sort of half right. Or maybe it's just a coincidence that there is a revolving door between government offices at the highest level, and the major financial institutions and banks. Bush's Sec. Tres. was Paulson, CEO of Goldman Sachs.(who got bailed out, weird right?) And Obama's Sec. Tres. is Geithner, a king among bankers, once the head of the NY Fed. The list goes on and on and on.
dennist3hmenace 3 months ago
@dennist3hmenace Bottom line is that the awakening dates all the way back to the O.J. trial when we first heard the term "rich people's justice". Despite all the denials and assurances that rich people don't get away with murder we then watched Bush and the Republicans lie us into a war for fun and profit then saw Nancy Pelosi say, "Impeachment is off the table" then we watched the elite loot the Treasury and Republicans have the NERVE to imply the deficit is the fault of the poor.
SpitfireOFatj 3 months ago
@SpitfireOFatj And democrats have the audacity to suggest that simply taxing the rich will solve the problems. It won't. You seem to recognize that both parties are very horrible in many similar, and in some different ways. At least we agree on that.
dennist3hmenace 3 months ago
@dennist3hmenace The only reason Democrats suck is because they refuse to stand up to Conservative lies and even accept some of them as facts. It's the DC Echo Chamber and terror of the wrath of Conservative run media.
The DLC is dead. Blue Dogs got kicked out. It's going to take time to replace the old guard of Clintonites.
Meanwhile, Republicans aren't even trying to hide their crap anymore and their stupid followers are going insane.
SpitfireOFatj 3 months ago
@dennist3hmenace BTW: We need to admit as a nation that "trickle down" was a failure and put the tax rate on the top where it was before it was tried.
70%
SpitfireOFatj 3 months ago 2
@dennist3hmenace
When did democrats suggest that simply taxing the rich will resolve the issue? I've never heard that. I've consistently heard that a fair tax on the rich and corporations will contribute to fixing the situation along with a decent trade policy and and regulations that create economic stability. Why do you intentionally oversimplify the arguement to pretend the rich shouldn't be taxed.
dtorfleming 3 months ago
@dtorfleming "Why do you intentionally oversimplify the arguement"
Hey,....conservatives only understand things like "Drill Baby Drill" "Abortion is murder", "Commie Pinko Fag", "Shock & Awe", "Dirty Fucking Hippies",....you know,....short, three word slogans....
Mastering the phrase, "Iraq is the Central Front of the War On Terror" felt like an intellectual triumph to them....
SpitfireOFatj 3 months ago
@SpitfireOFatj That was fucking awesome what you just said.
Sevenfold120 3 months ago
@dtorfleming They didnt. Democrats repeatedly said a mixture of tax increases and spending cuts would solve the problems. Republicans said a Mixture of spending cuts and tax cuts would solve the problem. A Fair Tax is a fancy way to say tax cut for the rich.
Sevenfold120 3 months ago
Barney Frank owns.
seanmcbay 3 months ago 31
@seanmcbay Owns what? Fannie Mae and Freddie Mac? Probably.
tra12345iscool 3 months ago